PALM CITY, Fla., Sept. 11, 2014 (GLOBE NEWSWIRE) -- CPSM, Inc. (OTC Pink:SWMM) (PINKSHEETS:SWMM) Today the Florida based pool & spa industry aggregator announces a Share Exchange with Custom Pool & Spa Mechanics Inc.
Lawrence Calarco, Chairman of CPSM, Inc., said, "CPSM, Inc. is pleased to announce the Share Exchange with the nearly 40 year old Custom Pool & Spa Mechanics. This gives us a substantial footprint along Florida's Treasure Coast and places us in strategic position for future growth."
Privately held Custom Pool & Spa Mechanics, Inc. internally reported over $2.7 million in 2013 revenues. Custom Pool & Spa Mechanics Inc. is experiencing a 24% growth from the previous year period, currently maintains over 1,100 customer locations, has a fleet of 22 service vehicles and 25 employees.
CPSM, Inc. is a publicly held company serving the rapidly expanding pool and spa maintenance, design construction industry in Florida.
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This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT: Jeff Michel Director CPSM, Inc. Email : email@example.comSource:CPSM, Inc.